Washington, D.C., March 19, 2014—IFC,
a member of the World Bank Group, today increased by 1 billion renminbi
(approximately $162 million) an outstanding three-year London-listed renminbi
bond to support the internationalization of the Chinese currency and encourage
foreign investment in China.

The increase doubles the amount of IFC’s
first London-listed renminbi bond, issued earlier this month. Over ninety
percent of investors in the bond are from outside Asia; the order booked
reached over 3 billion renminbi. The bond yields 1.95 percent. IFC will
use the bond proceeds to support investments in China.

Investors included commercial banks
(45%), central banks (39%), and corporates (16%). In terms of geographic
distribution, 56% of investors were from Europe, Middle East and North
Africa; 37% from the Americas, and 7% from Asia.

Bank of America Merrill Lynch, Industrial
and Commercial Bank of China, and Standard Chartered Bank were the lead
arrangers.

IFC supports the development of China’s
financial sector by working with the government to create a regulatory
and legal environment that supports the growth of financial services, promotes
the microfinance industry, strengthens commercial banks, and develops the
country's financial and capital markets. Mature financial and capital markets
allow companies to efficiently raise financing so they can grow and create
jobs.

IFC previously pioneered the international
issuance of renminbi-denominated bonds in China (Panda bonds) and Hong
Kong (Dim Sum bonds). IFC was also the first to set up a program to regularly
issue offshore renminbi-denominated discount notes.

In China, IFC focuses on private sector
investments that help fight climate change, enable rural development, and
promote sustainable Chinese investments overseas. Since 1985, IFC has invested
about $7 billion (around 42 billion yuan) in more than 270 projects in
the country, including nearly 3 billion yuan in local-currency investments.

About IFC IFC, a member of the World Bank Group,
is the largest global development institution focused exclusively on the
private sector. Working with private enterprises in more than 100 countries,
we use our capital, expertise, and influence to help eliminate extreme
poverty and promote shared prosperity. In FY13, our investments climbed
to an all-time high of nearly $25 billion, leveraging the power of the
private sector to create jobs and tackle the world’s most pressing development
challenges. For more information, visit www.ifc.org